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Vishay Intertechnology Inc

Recommendation: Buy

Entry Date Symbol Recommendation Entry Price (USD) Target 1 (USD) Target 2 (USD) Holding Duration Position Status Return(%)*
25 Jun, 26 VSH Buy USD 61.19 USD 64.5 USD 70.0 3 days Closed 13.38%

*Return(%) represent the percentage change between the entry price and exit price of the recommendation.

Fundamentals

  • Previous Close 37.37
  • Market Cap3369.86M
  • Volume1277648
  • P/E Ratio9.90
  • Dividend Yield1.64%
  • EBITDA711.37M
  • Revenue TTM3472.11M
  • Revenue Per Share TTM24.75
  • Gross Profit TTM 1065.65M
  • Diluted EPS TTM2.46

Data Powered by EOD Historical Data (“EODHD”).

Company Overview

Vishay Intertechnology, Inc. manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates in six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFETs segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits, and integrated function power devices. The Diodes segment provides rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers, and power modules. The Optoelectronic Components segment contains standard and customer specific optoelectronic components, such as infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes, 7-segment displays, and IR data transceiver modules. The Resistors segment offers resistors, which are basic components used in various forms of electronic circuitry to adjust and regulate levels of voltage and current. The Inductors segment provides inductors for use as an internal magnetic field to change alternating current phase and resist alternating current. The Capacitors segment offers capacitors, which store energy and discharge it when needed. The company sells its products under Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, and BCcomponents brand names. It serves industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets. The company was incorporated in 1962 and is headquartered in Malvern, Pennsylvania.

Key Positives

Increase in EBITDA: USD 78.0 Mn in Q1FY26 vs USD 54.5 Mn in Q1FY25

Increase in Net Revenues: USD 839.2 Mn in Q1FY26 vs USD 715.2 Mn in Q1FY25

Key Negatives

Increase in Long-Term Debt: USD 983.1 Mn in Q1FY26 vs USD 950.9 Mn in FY25

Increase in Capital Expenditure: USD 110.7 Mn in Q1FY26 vs USD 61.6 Mn in Q1FY25

Key Investment Risks

The company's future performance remains exposed to cyclical semiconductor demand, customer inventory corrections, execution risks associated with capacity expansion, supply chain disruptions, tariff and trade policy changes, and volatility in raw material and foreign exchange markets

Recommendation Summary

Technical Summary

Entry Price Support* Target 1** Target 2**
61.19 53.0 64.5 70.0

Data Source: REFINITIV, Analysis: StockNextt

*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.

**Target prices may vary by ±0.5% depending on market volatility.

Key Reasons for Buy

AI, Industrial, and Automotive Demand Support Revenue Recovery: Vishay Intertechnology delivered a strong operational recovery in Q1FY26 as revenue increased, supported by broad-based demand across industrial, automotive, aerospace & defense, and AI-related infrastructure applications. The company continued benefiting from its Vishay 3.0 strategy, capacity expansion initiatives, and improving customer consumption trends, resulting in stronger bookings and a healthy book-to-bill ratio.

Margin Expansion Reflects Improved Operating Efficiency: The company reported improved profitability during Q1FY26, driven by higher production volumes, better product mix, and operational leverage. Gross margin, operating margin, EBITDA margin, and earnings per share all improved year-over-year, reflecting the benefits of previous investments in higher-growth and higher-margin product categories while returning to positive profitability.

Capacity Investments Position Business for Long-Term Growth: Management continues to execute its Vishay 3.0 strategy through internal and external capacity expansion, manufacturing optimization, portfolio enhancement, innovation, and improved channel management. These investments have strengthened customer engagement, expanded participation in AI infrastructure, renewable energy, electric vehicles, and industrial automation markets, while positioning the company to outperform end-market growth over the long term.

Healthy Order Momentum and Positive Near-Term Outlook: Demand indicators remained encouraging with an overall book-to-bill ratio of 1.34, semiconductor book-to-bill of 1.47, and backlog of 5.7 months. Management expects Q2FY26 revenue between USD 875 million and USD 905 million with gross margin of approximately 22.0%, indicating confidence in continued demand recovery and further earnings improvement.

Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Vishay Intertechnology, Inc. (NYSE: VSH) at the current market price of USD 61.19, as on June 25,2026 at 9:14 am PDT

Key Financials in Pictures

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Data Powered by EOD Historical Data (“EODHD”).

Peer Comparison

Sector: Technology Industry: Semiconductors

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VSH
Vishay Intertechnology Inc
1.49 3.99% 38.86 9.90 9.93 0.95 1.54 0.88 4.28
NVDA
NVIDIA Corporation
2.19 1.08% 205.47 62.11 36.76 36.43 51.65 36.19 61.96
AVGO
Broadcom Inc
5.89 1.56% 384.06 78.55 35.84 27.93 23.69 28.47 52.08
TSM
Taiwan Semiconductor Manufacturing
16.09 4.00% 418.38 19.45 15.92 0.24 4.85 0.22 0.30
AMD
Advanced Micro Devices Inc
25.43 5.05% 529.00 108.58 40.98 13.39 7.12 12.75 60.70

Data Powered by EOD Historical Data (“EODHD”).

Disclosures:

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 25, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.

Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer :
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